As marijuana goes legit, investors rush in

What’s striking is how conventional many of the business people’s backgrounds — and their plans — increasingly are. Instead of backing marijuana dispensaries, investors such as Privateer and San Francisco-based ArcView Group are rushing to find consulting firms, software companies and insurance agencies to serve the new market. Even Privateer’s strategy of merging small companies to form a big one is familiar: In traditional buyout shops, it’s called a ‘roll-up.’  Just don’t say that word to Kennedy, unless you want him to blush. Scratch the term ‘growing the business’ — he catches that one in midsentence, correcting his wording to ‘expand.'”

http://www.usatoday.com/story/money/business/2013/04/07/medical-marijuana-industry-growing-billion-dollar-business/2018759/

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